$SOL /USDT – 1H Chart Analysis

Current Price: 163.20

24h Change: -5.54

Range: 24h High:173.46 | 24h Low: 160.13

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Trend Overview:

- Downtrend in play* with lower highs and lower lows.

- Recent bounce from160.13 indicates temporary support.

- No confirmed reversal yet — structure is still bearish.

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Support & Resistance Zones:

- Immediate Support: 160 (tested recently)

- Immediate Resistance:167.5 – 171.8

- Break Above167.5 = early sign of recovery

- Break Below 160 = may fall toward155 or lower

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Indicators:

- RSI (50): 40.6 → Weak but not oversold (possible more downside).

- Volume: Selling volume was high during the drop.

- Moving Averages: Price is below MA(5) and MA(10) = short-term bearish.

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Trade Ideas:

Option 1 – Bounce Play (High Risk):

- Entry: 161 –163 (tight stop needed)

- SL: Below 159.5

- TP:167 – 171

(Only if BTC is stable)

Option 2 – Safe Long (Confirmation Required):

- Wait for Breakout above168 with volume

- TP: 173 –176

- SL: 165.5

Option 3 – Short If Breakdown:

- Entry: Below160

- TP: 155

- SL:162.5

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*Summary:Trend is still bearish, recovery not confirmed. Only scalp long if $160 holds and BTC also shows strength. Otherwise, wait for a clearer structure. Risk management is key.

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